High St
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High St
11,881 SF 100% Leased Retail Building Mablethorpe LN12 1AF $952,925 ($80/SF) 10.38% Cap Rate
Executive Summary
The Louth Hotel is a substantial building sat in a prominent location on the corner of the High Street and Victoria Street and which is laid out to provide a pub, the Louth Hotel and five other commercial units utilised for a variety of different retail and restaurant uses, together with three self contained residential units. To the rear of the building is a courtyard used for storage and car parking.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
11,881 SF
Building Class
B
Year Built
1905
Price
$952,925
Price Per SF
$80
Cap Rate
10.38%
NOI
$98,914
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.80
Land Acres
0.34 AC
Frontage
197 FT on High Street
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Louth Hotel & Pub
- -
- 3,994 SF
- -
- May 2022
- Pizza King
- -
- 470 SF
- -
- Mar 2035
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Louth Hotel & Pub | - | 3,994 SF | - | May 2022 | ||
| Pizza King | - | 470 SF | - | Mar 2035 |
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High St
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